We like to get started with our next presentation. I am pleased to welcome to our conference Kodiak Oil & Gas. With us from the company today for the presentation is Lynn Peterson, Kodiak's Chairman and CEO and I'll turn it over to Lynn.

Lynn Peterson

Good afternoon. Thank you Jeff for including this year. This year is our first opportunity for Barclays and we're glad to be here. I am going to preface my presentation that we just came from Williston. We spent a day in the field. I am very pleased what I saw. I think this place continues to improve on a daily basis almost. Things that we've all talked about in the past have been overcome. I think we have a bright future here.

We'll skip the forward-looking portion of this. You can read that at your own leisure. I think we're pretty easy story to understand. Kodiak is a one basin show at this point. Nearly all of our assets are in the Williston basin, primarily in North Dakota. We continue to have an interest in some acres in South Western Wyoming, we don't talk about much anymore but it's mostly a gas play there that continues to move along.

We’ll talk about a little financial situation we move through this. I think company has been in a great shape. We've taken out some debt over the last year. We've doubled the size of the company. I think we're in excellent position here as we move through 2012 and enter into 2013.